Normative Economics

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Home | Introduction | Normative Economics | Positive Economics | What the classicals said | Transition | Economics today (Positive) & its future | What we learn from this | Conclusion | Works Cited

Definition

1) A body of systematized knowledge discussing criteria of what ought to be [1]

2) Economics that tries to change the world by suggesting policies for increasing economic welfare

History

Famous Normative Economists

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